Hong Kong and mainland stocks ended higher on Tuesday as investors took heart from Beijing’s pledge to support innovation and economic restructuring at its annual plenary meeting. The Hang Seng Index rose ... that the central bank will raise interest ... ( read original story ...)
Investor survey finds mainland and Hong Kong investors upbeat on markets close to home
Mainlanders and Hongkongers both plan to invest more in global markets over the next 12 months, according to a survey by Hang Seng Bank. The survey conducted in January polled 3,000 investors from Shanghai, Shenzhen, Beijing, Guangzhou and Hong Kong who ... ( read original story ...)
Teams announced for Hong Kong Sevens as Uganda make their debut
[Hong Kong, 8 March 2017]: Uganda will be the 60th national union to participate in the Cathay Pacific/HSBC Hong Kong Sevens’ parade of nations since 1976, when they debut next month. The African sevens champions will be one of 28 international teams ... ( read original story ...)
Hong Kong stocks edge higher in morning action, led by property, beer
Hong Kong and mainland stocks opened mixed on Tuesday ... in what has been seen as a cautious move to reduce financial risks amid the country’s mounting government debt. Meanwhile, mainland stocks edged lower. The Shanghai Composite Index lost 0.1 ... ( read original story ...)
Financial Watchdog in Hong Kong Adds Two More Firms to Blacklist
The Securities and Futures Commission (SFC), an independent regulatory body in Hong Kong, has issued a warning against suspicious activities of several unregistered entities, advising investors to abstain from doing business with these firms. The two ... ( read original story ...)
Hong Kong targets ILS as important driver of reinsurance growth
The Hong Kong government’s Financial Services Development Council (FSDC) has said in a report that it sees insurance-linked securities (ILS) as an important driver of future growth for the Hing Kong reinsurance market. The FSDC notes that the Hong Kong ... ( read original story ...)
China has the right to 'step in' to Hong Kong election, top official says
"EXTRAORDINARY AND OUTSTANDING" Beijing's support means former Hong Kong civil service head Carrie Lam is tipped as the favorite in the contest despite losing popularity polls to an ex-colleague, former Financial Secretary John Tsang. Tsang had previously ... ( read original story ...)
Hong Kong Based Cryptocurrencies Exchange Bitfinex Adds Dash
Hong Kong based cryptocurrencies exchange Bitfinex has added support for trading on the privacy-focused cryptocurrency Dash. The venue now enables traders to buy and sell Dash for USD and bitcoin (DASH/BTC and DASH/USD). Dash VP of Business Development ... ( read original story ...)
China stocks rise as Premier Li lights up tech shares; Hong Kong gains
China stocks rose on Monday morning as investors piled into technology shares after Premier Li Keqiang identified innovation as a key part of the economy's restructuring at the annual opening of the country's parliament. ( read original story ...)
Hong Kong, mainland stocks close higher as Beijing economic plan boosts sentiment
Hong Kong closed marginally higher with the almost-certain prospect ... must remain alert to bad loans and shadow banking and erect a “firewall” against financial risks. “But overall there was little surprise,” analyst Hannah Li said. ( read original story ...)
No Relief for Hong Kong Tycoons Riled by High Chinese Land Bids
(Bloomberg) -- Shum Chiu Hung, chairman of Chinese developer Times Property Holdings Ltd., has advice for those dismayed at record land bids in Hong Kong by mainland firms: “Get used to it.” Chinese developers have dominated Hong Kong’s land sales ... ( read original story ...)
Exhaustive Research Report- Hong Kong's Retail Banking Market Competitive Dynamics: Radiant Insights
Hong Kong's Retail Banking - Competitive Dynamics; is an exhaustive research report outlaying Retail Banking Scenario in Hong Kong. The report provides year on year statistics on Retail Deposits, Mortgage and Loan Outstanding balances, and Credit Card ... ( read original story ...)
Hong Kong stock exchange’s focus on turnover does investors no favours
This according to Charles Li Xiaojia, the chief executive of Hong Kong Exchanges and Clearing ... which is not entirely an arm’s length financial arrangement. HKEX to launch new board consultation in first half after 2016 profits fall on shrinking ... ( read original story ...)
China's premier rules out Taiwan, Hong Kong independence
In Hong Kong, fears have grown that Beijing is increasingly interfering in the governance of the semi-autonomous financial hub, sparking calls by some activists for self-determination or even independence. Such calls have riled Beijing, and Li shut down ... ( read original story ...)